By Black, et al. H.B. No. 2390 A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the abolishment of the Texas High-Speed Rail Authority. 1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-4 SECTION 1. (a) The Texas High-Speed Rail Act (Article 1-5 6674v.2, Revised Statutes) is repealed. 1-6 (b) The transfer of the powers and duties of the Texas 1-7 High-Speed Rail Authority as provided by Article 4, Chapter 7, Acts 1-8 of the 72nd Legislature, 1st Called Session, 1991, does not take 1-9 effect. 1-10 SECTION 2. On the effective date of this Act: 1-11 (1) the Texas High-Speed Rail Authority is abolished, 1-12 and the terms of the members of the board of the Texas High-Speed 1-13 Rail Authority expire; 1-14 (2) all unobligated funds of the Texas High-Speed Rail 1-15 Authority are transferred to the general revenue fund; and 1-16 (3) all property and records of the Texas High-Speed 1-17 Rail Authority are transferred to the Railroad Commission of Texas. 1-18 SECTION 3. This Act takes effect September 1, 1995. 1-19 SECTION 4. The importance of this legislation and the 1-20 crowded condition of the calendars in both houses create an 1-21 emergency and an imperative public necessity that the 1-22 constitutional rule requiring bills to be read on three several 1-23 days in each house be suspended, and this rule is hereby suspended.